Senate Energy and Natural Resources Committee Briefing on the Three Regional Greenhouse Gas Cap and Trade Initiatives in the United States: The Northeast Regional Greenhouse Gas Initiative, the Western Climate Initiative, and the Midwestern Greenhouse Gas Reduction Accord
November 9, 2009
The Pew Center on Global Climate Change participated in this briefing that examines the status of the three U.S. regional greenhouse gas cap-and-trade programs and the appropriate state and federal roles in climate policy.
Panelists & Presentations:
|Judi Greenwald, Vice President for Innovative Solutions, Pew Center on Global Climate Change - Panel Moderator|
|Pete Grannis, Commissioner, New York State Department of Environmental Conservation, Regional Greenhouse Gas Initiative|
|Doug Scott, Director, Illinois Environmental Protection Agency, Midwestern Greenhouse Gas Reduction Accord|
|Michael Gibbs, Assistant Secretary for Climate Change, California Environmental Protection Agency, Co-Chair, Western Climate Initiative|
|Question and Answer Session|
The discussion draft of the American Clean Energy and Security Act (ACES Act), released on March 31, 2009 by Representatives Waxman (D-CA) and Markey (D-MA) includes four distinct titles: I) clean energy, II) energy efficiency, III) reducing global warming pollution, and IV) transitioning to a clean energy economy. Title I contains provisions related to a federal renewable electricity standard, carbon capture and storage technology, performance standards for new coal?fueled power plants, a low carbon fuel standard, and smart grid advancement. Title II includes provisions related to building, lighting, and appliance energy efficiency programs, as well as efficiency standards for mobile sources and other transportation programs. Title IV includes proposals designed to preserve domestic competitiveness and support workers, provide assistance to consumers, and support domestic and international adaptation initiatives while transitioning to a clean energy economy. The following is a brief overview of the proposed greenhouse gas (GHG) cap-and-trade program contained in Title III.
Waxman-Markey Discussion Draft Materials
EPA Preliminary Analysisof Discussion Draft